Petrofac Secures $400M of Repeat UK Orders

Oilfield services firm Petrofac announced Friday that it has secured contract renewals for operations and maintenance work on the UK Continental Shelf valued at approximately $400 million.

The largest of these awards is for the provision of operations and maintenance teams over three years for CNR International across its North Sea assets: the three platforms in the Ninian complex; Murchison; and Tiffany.

In the eastern Irish Sea, Petrofac has secured a two-year contract renewal from Italy's Eni. This will cover operations and maintenance services for the Douglas fixed platforms, Offshore Storage Installation and Point of Ayr terminal, as well as duty holder responsibility for the Irish Sea Pioneer operations support vessel.

Walter Thain, managing director of Petrofac Offshore Projects & Operations, commented in a company statement:

"This package is great news for the business and for everyone involved.
 
"In the current climate, more than ever, it is vital that operators can have confidence in the supply chain to continue to generate value for them. This large-scale renewal – of contracts that we have held in some cases for more than a decade – is testament to our record of sustained operations delivery on behalf of our customers right across the UKCS."